PLX Technology Stock Gaps Up On Today's Open (PLXT)

NEW YORK ( TheStreet) -- Shares of PLX Technology (Nasdaq: PLXT) were gapping up Tuesday morning with an open price 64.6% higher than Monday's closing price. The stock closed at $3.98 Monday and opened today's trading at $6.55.

The average volume for PLX Technology has been 188,600 shares per day over the past 30 days. PLX Technology has a market cap of $181.6 million and is part of the technology sector and electronics industry. Shares are up 38.7% year to date as of the close of trading on Monday.

PLX Technology, Inc. designs, develops, manufactures, and sells semiconductor devices worldwide.

TheStreet Ratings rates PLX Technology as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full PLX Technology Ratings Report.

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